Wherehouse Entertainment
Formerly | Integrity Entertainment Corp. |
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Company type | Public |
Traded as | AMEX: WEI |
Industry | Retail |
Founded | 1970; 54 years ago (1970)[1] |
Defunct | 2003 (2003) |
Fate | Purchased by Trans World to be converted to FYE brand |
Headquarters | United States |
Products | DVDs, compact discs, videos, records, video games, books, collectibles, accessories |
Wherehouse Entertainment, Inc.,[2] formerly Integrity Entertainment Corp., also known as Wherehouse Music and The Wherehouse, was an American retail music franchise.[1][3][4][5]
History
In 1983, Wherehouse Entertainment Inc., renamed from Integrity Entertainment Corp., went public with a public offering of 750,000 shares under the symbol WEI. At this time, the company had 126 stores, primarily in California.[6][7] In 1984, the company began renting movies, or "video software" in 77 of its 126 stores, with a roll out into further stores expected.[8] Later that year, a copy of Money Hunt: The Mystery of the Missing Link was sold by a Wherehouse Entertainment at Sunset & Western in Los Angeles to Newt Deiter, who would go on to win the $100,000 cash prize.[9]
In August 1998, Wherehouse purchased Blockbuster Music from Viacom.[10] The company filed for Chapter 11 bankruptcy in 2002. In 2003, Trans World Entertainment purchased the remaining 148 Wherehouse stores for $41 million (~$65.1 million in 2023) in cash and assumed liabilities while closing 35 under-performing stores.[11] It is not clear when Trans World Entertainment closed the remaining stores or converted them to FYE brand.
References
- ^ a b Gnerre, Sam (July 9, 2016). "The Daily Breeze's Sam Gnerre looks at the way we were in the South Bay". Daily Breeze.
- ^ "Securities and Exchange Commission". sec.gov.
- ^ "WHEREHOUSE ENTERTAINMENT INC reports earnings for Qtr to Dec 31". The New York Times. February 14, 1984. p. 13.
- ^ Haupt, Wyatt (October 23, 2003). "Wherehouse Music shutting its doors in Temecula". The San Diego Union-Tribune.
- ^ "Music Retailer to Buy Wherehouse's Assets". Associated Press. September 16, 2003.
- ^ "Wherehouse Entertainment Inc". The Daily Breeze. September 11, 1983. Retrieved May 5, 2020.
- ^ "Integrity Entertainment Corp". The Los Angeles Times. September 7, 1983. Retrieved May 5, 2020.
- ^ Sahagun, Louis (March 11, 1984). "Record Retailers Get the Picture, Stock Video". The Los Angeles Times. Retrieved May 5, 2020.
- ^ Rayl, Salley (October 21, 1984). "VIDEO GAME PAYS $100,000 TO 'SLEUTH'". The Los Angeles Times. Retrieved May 5, 2020.
- ^ Willis, Barry (August 16, 1998). "Wherehouse Buys Blockbuster Music for $115 million". Stereophile. Retrieved May 4, 2020.
- ^ "Music Retailer to Buy Wherehouse's Assets". Associated Press. September 16, 2003.
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with origins in
Central Los Angeles |
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L.A. neighborhoods |
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Long Beach |
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Pasadena | |
Rest of L.A. Co. |
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Bakersfield | |
Inland Empire |
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Orange Co. |
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San Diego–Tijuana |
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Elsewhere |
- Bond's
- Brooks Clothing
- C. H. Baker shoes
- C&R Clothiers
- Hartfield's
- Judy's
- Leed's shoes
- Mandel's (shoes)
- Miller's Outpost/Anchor Blue
- Victor Clothing
- Weatherby-Kayser shoes
- Zachary All
membership stores
- The Akron
- Curacao
- Fedco
- Fedmart
- Gemco
- Pic 'N' Save
- Unimart
- White Front
- Zody's
- Disco Drug and Discount Centers
- Sav-on
- Schwab's Pharmacy
- Thrifty
home furnishings
- Alpha Beta
- Boys Markets
- Chaffee
- Food Giant
- Giant
- Haas, Baruch & Co./Hellman, Haas & Co.
- Hughes Markets
- Market Basket
- Pantry Food Stores
- Pavilions
- Ralphs
- Shopping Bag
- Stater Bros.
- Smart & Final
- Thriftimart
- Tianguis
- Vons
tainment, appliances
- Adray's
- Cal Stereo
- Federated Group
- Golden Bear Home and Sport Centers
- Ken Crane's
- Leo's Stereo
- Pacific Stereo
- Rogersound Labs
- University Stereo
- Builders Emporium
- National Lumber
- Ole's Home Centers
- Licorice Pizza
- Music Plus
- Peaches Records and Tapes
- The Wherehouse
- Wallichs Music City
- Los Angeles:
- Plaza
- 1880s-90s CBD
- Broadway (CBD)
- Broadway & 87th, South L.A.*
- Seventh St.
- Flower St.
- Hollywood Blvd.
- Lankershim, North Hollywood
- Miracle Mile, Wilshire Blvd.
- Westwood Village (near UCLA)
- Other cities:
- Beverly Hills: Rodeo Drive
- Burbank: Golden Mall
- Huntington Park: Pacific Blvd.
- Long Beach: Pine St.
- Palm Springs: La Plaza/Palm Canyon Dr. - See also History of retail in Palm Springs
- Pasadena: Lake Ave.
- Pasadena: Old Pasadena
- Santa Ana: 4th St.
- Santa Monica: Main St. - 3rd St. Promenade
shopping center
"firsts"
- Oldest origins of a major L.A. chain: Harris & Frank (1876) - 1st dept. store on Broadway: A. Fusenot Co./Ville de Paris - 1st dept. store on 7th off Broadway: J. W. Robinson's (1915) - 1st planned shopping district: Westwood Village (1929) - 1st suburban dept. store branch: B. H. Dyas/Broadway Hollywood (1927) - 1st center with multiple supermarkets: Broadway & 87th Street shopping center (1936) - 1st center with department store anchor: Broadway-Crenshaw Center (1947) - 1st enclosed mall: Lakewood Center (1951) - 1st mall in Orange County: Anaheim Plaza (1955) - 1st center with 4 dept. stores: Panorama City Shopping Center (1964)
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